Expenses and benefits: long-service awards
Overview
As an employer providing long-service awards to your employees, you have certain tax, National Insurance and reporting obligations.
What鈥檚 included
What you have to report and pay depends on:
- if the award is cash, non-cash or 鈥榬eadily-convertible assets鈥�, for example, shares
- how much the award is for
- how long the employee has worked for you
- if you鈥檝e given them a long-service award before